Insider Selling: GlobalFoundries (NASDAQ:GFS) Insider Sells 335 Shares of Stock

Key Points

• Insider sale: GlobalFoundries insider Samak Azar sold 335 shares at an average price of $49.01, reducing their ownership by 3.81% to 8,459 shares. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
• Stock and financial performance: GFS shares fell 2.3% to $48.24, while the company’s latest quarterly results exceeded expectations with $0.46 in EPS and $1.79 billion in revenue. GlobalFoundries also declared a $0.12 quarterly dividend, representing a 1.0% yield.
• Growth initiatives and analyst view: GlobalFoundries announced new partnerships and technology plans involving TSMC’s AI packaging, physical-AI chips, and quantum computing. Analysts maintain a consensus “Hold” rating, with an average price target of $74.63.

GlobalFoundries Inc. (NASDAQ:GFS - Get Free Report) insider Samak Azar sold 335 shares of GlobalFoundries stock in a transaction on Thursday, October 8th. The shares were sold at an average price of $49.01, for a total transaction of $16,418.35. Following the completion of the sale, the insider directly owned 8,459 shares of the company's stock, valued at approximately $414,575.59. This trade represents a 3.81% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

GlobalFoundries Stock Down 2.3%

Shares of NASDAQ GFS traded down $1.12 during trading on Friday, hitting $48.24. 5,922,665 shares of the company traded hands, compared to its average volume of 4,270,076. The firm has a market capitalization of $26.47 billion, a price-to-earnings ratio of 37.69, a P/E/G ratio of 1.53 and a beta of 1.77. The business's fifty day moving average is $47.87 and its 200 day moving average is $59.62. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.74 and a current ratio of 2.48. GlobalFoundries Inc. has a fifty-two week low of $32.02 and a fifty-two week high of $92.55.

GlobalFoundries (NASDAQ:GFS - Get Free Report) last issued its earnings results on Wednesday, August 5th. The company reported $0.46 EPS for the quarter, beating the consensus estimate of $0.43 by $0.03. GlobalFoundries had a return on equity of 6.69% and a net margin of 10.36%.The company had revenue of $1.79 billion during the quarter, compared to the consensus estimate of $1.77 billion. During the same period last year, the business posted $0.42 EPS. The firm's revenue for the quarter was up 5.8% compared to the same quarter last year. GlobalFoundries has set its Q3 2026 guidance at 0.460-0.560 EPS. Equities research analysts predict that GlobalFoundries Inc. will post 1.48 earnings per share for the current fiscal year.

GlobalFoundries Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, October 9th. Investors of record on Wednesday, September 23rd will be issued a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.0%. The ex-dividend date is Wednesday, September 23rd. GlobalFoundries's dividend payout ratio (DPR) is currently 37.50%.

Institutional Trading of GlobalFoundries

Institutional investors and hedge funds have recently made changes to their positions in the company. PNC Financial Services Group Inc. increased its position in GlobalFoundries by 8.6% in the first quarter. PNC Financial Services Group Inc. now owns 1,954 shares of the company's stock worth $87,000 after buying an additional 154 shares during the last quarter. Parallel Advisors LLC lifted its position in shares of GlobalFoundries by 39.8% during the 1st quarter. Parallel Advisors LLC now owns 832 shares of the company's stock valued at $37,000 after buying an additional 237 shares during the last quarter. California State Teachers Retirement System grew its stake in shares of GlobalFoundries by 5.3% during the 1st quarter. California State Teachers Retirement System now owns 6,735 shares of the company's stock worth $300,000 after acquiring an additional 340 shares during the period. HB Wealth Management LLC grew its stake in shares of GlobalFoundries by 7.0% during the 2nd quarter. HB Wealth Management LLC now owns 5,472 shares of the company's stock worth $451,000 after acquiring an additional 358 shares during the period. Finally, Strs Ohio increased its holdings in GlobalFoundries by 19.3% in the 1st quarter. Strs Ohio now owns 2,937 shares of the company's stock worth $131,000 after acquiring an additional 476 shares during the last quarter.

Analyst Ratings Changes

GFS has been the topic of several research reports. Stifel Nicolaus started coverage on shares of GlobalFoundries in a report on Tuesday, September 1st. They set a "buy" rating and a $60.00 price objective on the stock. Jefferies Financial Group set a $60.00 price objective on shares of GlobalFoundries in a report on Wednesday, August 5th. TD Cowen decreased their target price on shares of GlobalFoundries from $85.00 to $75.00 and set a "buy" rating for the company in a research report on Thursday, August 6th. Weiss Ratings restated a "hold (c)" rating on shares of GlobalFoundries in a report on Wednesday, August 26th. Finally, BNP Paribas Exane cut shares of GlobalFoundries from an "outperform" rating to a "neutral" rating and set a $51.00 price target on the stock. in a research report on Monday. Eight research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and an average price target of $74.63.

Key Stories Impacting GlobalFoundries

Here are the key news stories impacting GlobalFoundries this week:

• Positive Sentiment: GlobalFoundries agreed to a multiyear, approximately $2 billion deal with TSMC to manufacture silicon interposers at its Malta, New York, facility for TSMC’s CoWoS advanced AI-packaging technology. The agreement gives GFS exposure to rapidly growing artificial-intelligence and high-performance-computing demand without requiring it to manufacture leading-edge GPUs. GlobalFoundries reaches agreement to establish U.S.-based supply of silicon interposers for advanced AI packaging
• Positive Sentiment: GF also unveiled its FDX Fusion roadmap, a next-generation FD-SOI platform designed for “physical AI” applications. Management said the technology delivers single-digit-nanometer digital performance optimized for edge and real-world devices, potentially strengthening the company’s specialty-chip positioning. GF unveils roadmap to deliver the world's most advanced FD-SOI platform for Physical AI
• Positive Sentiment: GlobalFoundries entered a multiyear manufacturing partnership with quantum-computing company Xanadu, adding another potential growth avenue in photonic and quantum hardware. Quantum firm Xanadu partners with GlobalFoundries for photonic component development

About GlobalFoundries

GlobalFoundries Inc is a semiconductor contract manufacturer that produces chips for customers without owning their own fabrication facilities. The company operates as a pure-play foundry, manufacturing semiconductors based on customers' designs and supporting them through process development, wafer fabrication, packaging, and related services.

Its technology portfolio focuses on specialized semiconductor platforms rather than the most advanced leading-edge logic nodes. Products and services include radio-frequency technologies, analog and mixed-signal solutions, power management, embedded memory, silicon photonics, and automotive and industrial semiconductor platforms.

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